Mumbai: Equity Benchmark Sensex surged more than 300 points in early trade on Monday led by profits in the HDFC Bank major index, ICICI Bank and Bank Box amidst the flow of foreign funds in the global market.
The 30-stock index traded 315.89 points or 0.52 percent higher at 61.002.58 in the initial transaction.
Similarly, Nifty rose 90.30 points or 0.50 percent to 18,193.05.
Titan is the top enhancer in the sensex package, up more than 1 percent, followed by ITC, Bank Indusin, Bank Box, M & M, Cat Asia and HDFC banks.
On the other hand, Bharti Airtel, Tech Mahindra, HDFC and Tata Steel are among the slides.
In the previous session, Sensex ended 767 points or 1.28 percent higher at 60,686.69.
Similarly, Nifty rose 229.15 points or 1.28 percent to 18,102.75.
Foreign Institutional Investors (FIIS) are clean buyers in the capital market, because they buy shares worth RS 511.10 Crore on Friday, according to data exchange.
“Some justify market rallies, the company’s revenue has grown by 46 percent year-on-year in Q2.
The income surge has been led by finance, metals and mining and oils.
But, even discounted this impressive performance by.
India Inc.
Rated too high and, therefore, correction is due, “said VK Vijayakumar, head of investment strategist at Geojit Financial Services.
Elsewhere in Asia, the stock exchange in Hong Kong and Hong Kong traded with losses in the middle session agreement, while Tokyo and Seoul were positive.
Stock exchanges in the US ended higher in Friday sessions.
Meanwhile, Benchmark International Oil Brent crude oil fell 0.89 percent to $ 81.44 per barrel.